A beneficiary of Weak Ringgit
Publish date: Fri, 2 Jan 2015, 03:34 PM
I have always admired Uchi Tech. However, all these years, I have never bought a single share. The dividend yield is fantastic. However, I think the PE multiple is a bit too high for my liking.
However, the recent strengthening of the US Dollars against Ringgit has finally given me a reason to buy into this excellent company. Almost the entire 100% of Uchi's revenue is denominated in US Dollars.
Uchi has market cap of RM543 mil (based on 375 mil shares and RM1.45).
Based on 12 months cumulative net profit of RM46.2 mil, the stock is trading at PER of 11.8 times.
The group has zero loans and cash of RM115 million, representing cash of RM0.30 per share.
During the past 12 months, the Company paid out dividend of 11 sen. This translates into dividend yield of 7.6%.
In this time of uncertainties and market turbulence, parking my money with Uchi seemed like an excellent idea.
Have a nice day.
However, the recent strengthening of the US Dollars against Ringgit has finally given me a reason to buy into this excellent company. Almost the entire 100% of Uchi's revenue is denominated in US Dollars.
Uchi has market cap of RM543 mil (based on 375 mil shares and RM1.45).
Based on 12 months cumulative net profit of RM46.2 mil, the stock is trading at PER of 11.8 times.
The group has zero loans and cash of RM115 million, representing cash of RM0.30 per share.
During the past 12 months, the Company paid out dividend of 11 sen. This translates into dividend yield of 7.6%.
In this time of uncertainties and market turbulence, parking my money with Uchi seemed like an excellent idea.
Have a nice day.
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